FAQs about GTR Source, LLC
Q: What is GTR Source, LLC?
A: It is a private lender that offers working capital in the form of merchant cash advances to small-to-medium-sized businesses. Additionally, the company claims to work with all industries nationwide, including seasonal businesses.
Q: Why would a business work with GTR Source, LLC?
A: The company claims to invest in projects that may be denied by traditional banks. The company says they will communicate the application approval decision within hours, and funds can be available in 24-48 hours. Additionally, the company claims to only review a business’s recent credit history. On the other hand, traditional banks typically review the past six years.
Q: How are merchant cash advances repaid?
A: Businesses can borrow merchant cash advances on 3-12 month terms with GTR Source, LLC. The borrowing business guarantees a percentage of its credit card sales to the creditor on a daily, weekly, or monthly basis. As a result of this payment schedule, APRs on merchant cash advances can reach into the triple digits based on the success of the business.